Fouad Homsy

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How can inflation be good for you?

<b>So, the governor of the Bank of England, Mark Carney, is filling his fountain pen, and looking for a stamp.</b><p>Now that inflation has fallen to 0.5% on the Consumer Prices Index (CPI) measure, he's got to write a letter to the chancellor, explaining why inflation has missed the Bank's target of 2% by …

Economics

Russia reveals huge cost of supporting the rouble

<b>The Russian central bank has revealed the huge cost of trying to prop up the value of the rouble.</b><p>In the past year, the bank spent $76bn and 5.4bn euros as it repeatedly bought roubles on the foreign exchanges.<p>The Russian currency has been under sustained pressure because of Western sanctions over …

Economics

UK inflation drops to 14-year low: what the economists say

Falling oil prices and supermarket price wars have halved the annual inflation rate to 0.5%<p>Price growth in the UK has hit the lowest level since 2000, as the sharp drop in global oil prices fed through to petrol pumps while supermarket price wars have cut consumers’ shopping bills. Here is what …

Economics

French inflation at lowest in five years in December | Reuters

PARIS (Reuters) - French inflation fell to its lowest in five years last month, data showed on Wednesday, piling more pressure on the European Central Bank to take action to fight deflation risks and spur growth.<p>People carry shopping bags in Strasbourg, during the first day of winter sales in …

Economics